The integral salary is not received by all the employees of an organization, usually given to trusted personnel. That is, those people who are available when the company needs them.
(Loss in the final stretch: economy will end the year with decrease).
Particularly, in Colombia, comprehensive salary refers to the assignment of a salary that not only pays for daily work, but also compensates the value of benefits, surcharges and benefitssuch as night work, extraordinary work or Sunday and holiday work, legal and extralegal premiums, layoffs and subsidies.
Of course, the characteristics of the integral salary vary according to the country. Next, we present those that apply in Colombia.
(The peso collapses: the ‘blows’ against the Colombian currency).
Characteristics of the integral salary
1. Applies to workers who, in a good job position, earn more than 10 monthly minimum wages. To this is added the benefit factor, which is 30% of three salaries.
2. Employees who have this salary do not receive subsidies, they must make their payments for compensation, and pay withholding at source and declare income.
(Banrep vs. inflation: what is the Issuer doing to lower prices).
3. To people who receive full salary, the employer pays them the premium on a monthly basis. In addition, they must record severance pay on their own or spend that money on an investment or savings.
In the country, in 2019, the value of this income was $10,765,508, in 2020 it was $11,411,439 and in 2021 it was $11,810,838.
BRIEFCASE
